BIO-BASED CARPET MARKET ANALYSIS

Bio-based Carpet MarketSize and Trends

Market Dynamics

The global bio-based carpet market has witnessed significant growth in the recent past, owing to the increasing awareness about chemical-free, ecological protection, and natural material carpet among consumers. This is expected to fuel demand for the bio-based carpet, globally over the forecast period.

On the basis of the material type, the global bio-based carpet market is segmented into silk, seagrass, sisal, wool, and coir. Among these segments, silk and wool is expected to drive growth of the global bio-based carpet market, owing to easy availability, coupled with the consumer preference, across the globe. Moreover, bio-based carpets are easily available in the supermarkets & hypermarkets, among other distribution channels. This, in turn, is expected to fuel growth of the bio-based carpets market over the forecast period.

Among regions, Asia Pacific is expected to account for significant market share in the global bio-based carpet market over the forecast period, owing to growing carpet industry in countries such as China and India. For instance, according to the India Brand Equity Foundation, 2018, the India exported US$ 1.47 billion bio-based carpets in the year 2018.